Modern Times Beer Co. today announced the implementation of an employee stock option plan (ESOP), giving workers a minority ownership stake in the company. In order to form the ESOP, Modern Times repurchased 30 percent of its total equity from 11 silent investors via a bank loan from Comerica and cash from the company.
Last month, nearly 200 beer industry professionals converged on New York City for the Brewbound Session business conference and videos from the event are now available for viewing. Held on June 15 at the at the Metropolitan West, the summer 2017 edition of our bi-annul business conference featured a variety of thought-provoking conversations with craft brewery founders, interactive panel discussions with retailers and distributors, and engaging presentations from the likes of Nielsen, First Beverage Group and Harpoon Brewery.
Mike Hess Brewing of San Diego (MHB) has announced the expansion of their premiere local craft brewery to Imperial Beach. In early 2018, MHB will open doors to a 4,300 ft indoor and outdoor tasting room, taco shop and beer garden located at 805 Ocean Lane and the adjacent vacant lot. The new location will be the first of Mike Hess Brewing’s locations to feature food, partnering up with Gerry Torres of North Park’s famous City Tacos.
The National Beer Wholesalers Association (NBWA) will offer 22 education seminars at its 80th Annual Convention and Trade Show October 8 – 11, 2017, at Caesars Palace in Las Vegas, Nevada.
In this week’s Legislative Update: Delaware increases the state tax on alcohol; North Carolina approves the so-called ‘Brunch Bill’; 48 breweries oppose Clean Water Rule changes; and more.
This week Drake’s Brewing Co. is releasing its refreshed and ramped-up Aroma Coma recipe. Drake’s has upped the ante and created a bigger, hoppier, and more punched up version of the perennial favorite IPA. The brewery has added more Citra hops and more of the sticky rye malt and light caramel flavors that provide the backbone for the over-the-top dank hoppiness. The ABV has also been bumped up to 8.0% to give the beer amazing balance. Aroma Coma 2XIPA delivers an aromatic punch of citrus hops that lives up to its name.
Since the Samuel Adams LongShot American Homebrew Contest was created 21 years ago to recognize passionate homebrewers, it has helped launch the professional brewing careers of multiple homebrewers. Knowing this, the brewers at Sam Adams have brewed a new plan to truly equip homebrewers with the experience and knowledge to take their passion to the next level.
Beginning today, 11 states will see their namesake on Budweiser bottles and cans as part of the brand’s latest evolution of its iconic summer packaging.
After seeing a substantial increase in demand for their house beers, owners Joey and Erica Justice are expanding their brew house to a ten barrel brewing system and transitioning their current one-barrel unit to a pilot system.